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Philippine lawmakers propose $4.9b sovereign wealth fund

MANILA — Philippine lawmakers have proposed a $4.9 billion sovereign wealth fund to be chaired by President Ferdinand Marcos Jr to boost growth, but critics warn it will be prone to graft and risk Filipino pensions.Congressmen Sandro Marcos and Martin Romualdez — the president's son and cousin respectively — are among the six authors of the bill filed to the House of
Imee Marcos Sandro Marcos Gloria Arroyo Ferdinand Marcos Jr Joey Salceda Vincent Lazatin

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